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Transvaal Loan (Guarantee)

Volume 180: debated on Tuesday 13 August 1907

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Resolution reported—

"That it is expedient to authorise the Treasury to guarantee, on the security of the Consolidated Fund, the interest of a Loan to he raised by the Colony of the Transvaal, not exceeding in the aggregate an amount sufficient to raise five millions pounds, and the principal of any such Loan by means of the guarantee of Sinking Fund payments, and also to guarantee the payment of any sums temporarily raised by the Colony of the Transvaal in anticipation of the Loan, with interest thereon."

Resolution agreed to.

Bill ordered to be brought in by the Chairman of Ways and Means, Mr. Chancellor of the Exchequer, Mr. Churchill, Mr. Attorney-General, and Mr. Runciman.